#strc

Doodle from a few days ago! have kity storch

I had so much fun at the Aberdeen comic con !!

➤ Strategy, led by Michael Saylor, is signaling potential Bitcoin purchases ahead of a shareholder vote on changing dividend payouts from monthly to semi-monthly. ➤ The company holds a significant Bitcoin treasury (843,706 BTC) with an average cost basis of $75,701, while Bitcoin currently trades around $62,153. ➤ Recent debt repurchases had temporarily paused BTC accumulation, raising questions about liquidity and future capital allocation, with the dividend vote outcome potentially influenced by low retail participation.

➤ Apyx Finance's apxUSD stablecoin depegged to $0.90 due to a decline in its collateral, STRC preferred shares, which are correlated with Bitcoin's price. ➤ The stablecoin's stability mechanism relies on dividends from underlying companies, cash buffers, and arbitrage incentives, with redemptions processed in USDC. ➤ While past depegs have recovered, investors should monitor the over-collateralization ratio as continued declines in STRC shares would test the protocol's resilience.

➤ Apyx Finance's apxUSD stablecoin lost its dollar peg, trading as low as $0.90 due to a sharp decline in Bitcoin and its primary collateral, STRC preferred stock. ➤ The depeg was exacerbated by a liquidity mismatch between 24/7 crypto markets and the Nasdaq-traded STRC, leading to panic selling and price dislocations. ➤ Apyx Finance plans to release a review of the incident and implement changes to mitigate future volatility, particularly during off-hours trading.

➤ MicroStrategy's preferred stock (STRC) is trading below its $100 par value, prompting debate about its sustainability. ➤ Supporters argue this is normal behavior for preferred securities, reflecting market demand for higher yields, while critics view it as a warning sign of financial strain. ➤ Concerns center on MicroStrategy's ability to cover its preferred dividend obligations and fund its Bitcoin strategy if it cannot issue new shares at par.

➤ Apyx's apxUSD stablecoin briefly depegged to $0.93 due to the volatility of its underlying preferred equity collateral (STRC). ➤ The protocol states this is an expected feature, not a bug, as preferred equity is inherently more volatile than cash reserves, and STRC has historically reverted to its par value. ➤ Despite market concerns, Apyx asserts its multi-layered peg stability model, including excess collateral and specific lending market mechanics, mitigates liquidation risks.